If you own cryptocurrencies like Bitcoin or Ether, there’s a new bill that could change the way you trade and store your assets. Here’s how it will affect you:

1️⃣ User Protection: The platforms where you hold your cryptocurrencies will be required to ensure the security of your assets. If something goes wrong, they have to reimburse you for your losses.

2️⃣ Platform Licensing: All cryptocurrency trading platforms will need to be licensed. This means that you will know that you are working with verified and reliable services.

3️⃣ Information about new cryptocurrencies: Every new cryptocurrency offered on the market must have a detailed “white paper” that explains what it is, how it works and what the risks are. This will help you make more informed decisions.

4️⃣ Strict penalties for violations: If a platform violates the rules, it will be punished with large fines or even closure. This is your additional protection against fraud.

5️⃣ Always informed: Companies will be required to notify you of any material changes that may affect the value of your cryptocurrencies.

🔗 Cooperation with European authorities: In addition to national supervision, there will also be cooperation with the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA), which will ensure better investor protection and improve market transparency.

The bill aims to make the cryptocurrency market more secure and transparent for all of us. Let’s be informed and protected! 💪

Cryptocurrencies #ConsumerProtection #CryptoNews #Security #Legislation #EuropeanUnion

https://www.strategy.bg/PublicConsultations/View.aspx?lang=bg-BG&Id=8517